Fundraising
Infrastructure Capital raises $109m for Australia renewables fund
Australian specialist fund manager Infrastructure Capital has raised A$150 million ($109 million) for a renewable energy fund, including a A$100 million commitment from the government’s Clean Energy Finance Corporation (CEFC).
Washington State commits $200m to China-focused Centurium
Centurium Capital, a private equity firm established by former Warburg Pincus China head David Li, has received a $200 million commitment to its debut fund from Washington State Investment Board.
CDC backs Asia PE, VC funds
UK-based development finance institution (DFI) CDC Group has made commitments to several private equity and venture capital funds based in Asia as part of its global investment strategy.
2018 in review: Volatility vortex
Pan-regional funds attract the bulk of capital while the renminbi space withers; mixed fortunes for internet IPOs and trade sales; big buyouts fail to deliver but growth-stage tech stays strong
Singapore's Jungle increases target for Fund III
Singapore-based Jungle Ventures has raised the target for its third Southeast Asia-focused VC fund from $150 million to $200 million.
China’s Gaorong closes fourth US dollar fund at $500m
Chinese venture capital firm Gaorong Capital has raised $500 million for its fourth US dollar-denominated fund. The majority of commitments came from existing LPs, with two endowments coming in as new investors.
Australia's PEP hits $433m first close on secure assets fund
Pacific Equity Partners (PEP) has reached a first close of A$600 million ($433 million) on its secure assets fund, which invests in companies in Australia and New Zealand that generate annuity income but also offer opportunities for traditional private...
Fund focus: ADM aims for clarity in private debt
ADM Capital prioritizes transparency as it closes its latest Asia-focused secured lending fund. Environmental, social, and governance issues are also high on the agenda
Taiwan PE remains a tough sell for LPs – AVCJ Forum
Appreciation of Asia’s private equity has grown among LPs as commitments to the asset class pay off in developed and emerging markets, but investing in Taiwan is difficult to justify due to the absence of a strong local identity.
Salesforce launches $100m Japan VC fund
Enterprise software giant Salesforce has launched a $100 million fund via its venture investment unit that will focus on cloud-based technologies in Japan.
Ardian opens Korea office
Ardian has opened an office in South Korea – its fourth in Asia – in order to service the needs of a growing investor base in the region.
Värde collects $400m for debut Asia credit fund
Värde Partners has closed its debut Asia-focused credit fund with approximately $400 million in commitments. The vehicle launched about six months ago with a target of $250 million.
Australia's Mercury closes Fund III at $439m hard cap
Australian mid-market private equity firm Mercury Capital has closed its third fund at the hard cap of A$600 million ($439 million).
Hong Kong's Ion Pacific raises $30m for PE secondary fund
Hong Kong-based merchant bank Ion Pacific has raised $30 million for a technology fund that will acquire secondary positions in venture and growth funds as well as take direct stakes in portfolio companies.
ADM raises $178m for Asia secured lending fund
ADM Capital has closed its Asia Secured Lending Facility II (ASLF II) with $178 million for small and medium-sized enterprises (SMEs) in Asia.
Cocoon launches $20m Southeast Asia VC fund
Singapore-based VC investor Cocoon Capital has launched its second early-stage fund with a target of $20 million.
India PE spin-outs: Standing tall
India provides fertile ground for spin-outs by increasingly confident PE veterans, but LP skepticism remains a major hurdle. Managers must demonstrate their investment skills quickly or risk being left behind
China Everbright sets up $288m fund with local government
China Everbright (CEL) has set up a RMB2 billion ($288.2 million) fund-of-funds with the local government of the city of Liyang in Jiangsu province.
Japan's NTT launches $500m global VC fund
Japanese telecommunications giant NTT Corporation has set up $500 million global venture capital fund that will focus on digital technologies.
500 Startups closes Vietnam fund at $14m
500 Startups has closed its Vietnam-focused early-stage VC fund at $14 million, beating a target of $10 million.
PAG confirms $6b close on third Asia buyout fund
PAG Asia Capital has announced that its third pan-regional fund has closed at the hard cap of $6 billion – confirming an AVCJ report from last week.
China's ICBC sets up $200m India venture fund
Industrial & Commercial Bank of China (ICBC) has launched a $200 million fund to invest in Indian start-ups and micro, small, and medium-sized enterprises (MSMEs).
SparkLabs launches $10m Taiwan fund, recruits NBA star
SparkLabs Group, a pan-Asian network of accelerators and global venture funds, has launched a $10 million fund in Taiwan and appointed NBA star Jeremy Lin (pictured) as an advisor.
LPs still keen on Asia despite slow distributions - AVCJ Forum
Institutional investors remain committed to Asia even though distributions from funds targeting the region can be slower to come than those in the US and Western Europe, the AVCJ Forum heard.
